Date
15 August 2018

Meijing completes acquisition of US aircraft maker, report says

Real estate developer Meijing Group has completed its purchase of Mooney Aviation Company Inc., a United States-based manufacturer of utility aircraft, Xinhua reported Thursday, citing a source from the Henan-based company. The takeover was completed on Oct. 11 after the U.S. Committee on Foreign Investment approved the deal on Oct. 2, a Meijing executive said. Meijing paid about US$100 million for the firm and promised to invest another US$1 billion at a later stage, the report said.

– Contact HKEJ at [email protected]

CG/SK

 

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